Bill > S0194

This bill creates the Insurance Solutions Advisory Council within the Office of Insurance Regulation of the Financial Services Commission to analyze and evaluate Florida's property and automobile insurance markets. The council will consist of 11 members appointed by various state leaders, including representatives from different types of insurance companies, a trial attorney, a public adjuster, consumer advocates, insurance agents, and the insurance regulation commissioner. Members will be appointed by August 1, 2025, serve without compensation but receive travel expense reimbursement, and meet at the call of their chair. The Office of Insurance Regulation will provide administrative support, and the council is required to submit an annual report to the Governor and Legislature beginning October 1, 2025, detailing their analysis and recommendations related to property and automobile insurance in the state. The advisory council is set to expire on June 30, 2030, unless the Legislature specifically reenacts it, ensuring a structured, time-limited approach to examining insurance market challenges and potential solutions in Florida.

https://www.flsenate.gov/Session/Bill/2025/194